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A Company Manufacturing Computer Chips Finds That 8% of All

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A company manufacturing computer chips finds that 8% of all chips manufactured are defective.In an effort to decrease the percentage of defective chips, management decides to provide additional training to those employees hired within the last year.After training was implemented, a sample of 450 chips revealed only 27 defects.A hypothesis test is performed to determine if the additional training was effective in lowering the defect rate.The correct value of the test statistic is ________________________ .


Definitions:

Legal Dissolution

The process of legally dissolving a corporation or partnership, effectively ending its existence.

Withdrawal

The act of removing funds from an account, or the act by an owner of taking assets out of a business for personal use.

Total Assets

The sum of all resources owned by a company having economic value, as reported on the balance sheet, including both current and long-term assets.

Total Capital

Total capital refers to the sum of a company's debt and equity, representing the total funds that a company can use for its operations, expansion, and investment activities.

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